Anti Money-Laundering (AML) and
Know Your Customer (KYC) Policy

At Pocket Option, we’re committed to providing a secure and compliant trading environment by enforcing strict anti-money laundering (AML) and identity verification (KYC) policies. Along with our partners, we follow high standards to prevent the misuse of our services.

Money laundering generally involves actions to disguise illegally obtained funds as legitimate, unfolding in three stages:

1. Placement: Illegally sourced money enters the financial system, often through deposits or money orders.
2. Layering: Funds are transferred across various accounts to obscure the connection to criminal origins.
3. Integration: The funds are reintroduced into the economy, appearing legitimate or used to fund illegal activities.

In contrast, terrorist financing involves concealing the source or intended use of funds, even if not directly from criminal actions.

Our employees, especially those in client-facing roles, are well-informed on relevant laws and regulations like the Customer Due Diligence for Banks and the FATF’s Forty + Nine Recommendations on Money Laundering. Their daily responsibilities include ensuring compliance.

Our management has implemented a comprehensive compliance program that aligns with all relevant regulations to reduce risks of money laundering and terrorist financing. All associated entities are required to follow AML and KYC guidelines.

Client identification and service records are kept for the legally required time to ensure compliance. New employees receive mandatory AML training as part of onboarding, and relevant staff complete annual AML and KYC training, with additional sessions for those in key compliance roles.

We may request verification documents at any time, including notarized IDs, bank statements, or utility bills, and may require clients to provide a photo with their identity document. Any changes to personal information, such as a new address, should be reported to our support team promptly. For phone number changes, proof of ownership and ID are required.

The authenticity of all client documents is essential, and we may verify documents directly with issuing authorities to maintain security standards. Through these measures, we uphold a transparent and safe trading experience for all Pocket Option users